You may be qualified for the Circuit Breaker Homestead Tax Deferment Program if you are an Iredell County Resident at least 65 years of age on January 1st of the tax year in which you wish to claim the exemption. Also, if you and your spouse’s income did not exceed $50,700 for the year prior to which an application is made and you have owned and occupied your current permanent legal residence for 5 or more years.
If these qualifications do not fit, you may also qualify if you are certified totally and permanently disabled by a licensed physician or governmental agency and you and your spouse’s income did not exceed $50,700 for the year prior to which an application is made. You must also have owned and occupied your current permanent legal residence in Iredell County for 5 or more years.
If the property is owned by multiple owners (other than husband and wife) every owner must meet the qualifications mentioned.